You Expect to Receive $1,000 at the End of Each

question 32

Multiple Choice

You expect to receive $1,000 at the end of each of the next 3 years.You will deposit these payments into an account which pays 10 percent compounded semiannually.What is the future value of these payments,that is,the value at the end of the third year?

• A) $3,000
• B) $3,310
• C) $3,318
• D) $3,401
• E) $3,438

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Definitions:

HRM Practice

The strategies, policies, and practices implemented by an organization to effectively manage its human resources and maximize their performance.

Performance Management System

A framework for managing and evaluating employee performance towards achieving business objectives.

Customer Satisfaction

Measures how well a company’s products or services meet or surpass customer expectations.

Job Design

The process of defining how work will be performed and what tasks will be required in a given job.